Facebook and the other social networks have launched a token program that will allow them to issue their own tokens for digital goods, in an effort to boost digital payments for the platform.
The announcement comes a day after Facebook announced a new token program for the upcoming fiscal year, which is expected to be larger than its last.
In announcing the program, the companies said they will issue their tokens in a tokenized form.
The token program will initially launch on April 1, and will become available for use starting June 1, said Facebook’s Mark Zuckerberg, the chief executive officer of the company.
The company is also launching a token sale, which will be open to all investors, starting on June 9.
The Facebook token sale is expected in 2019, and Facebook will not disclose the exact number of tokens being sold.
The program is expected that the tokens will be used to fund advertising and to reward advertisers and other advertisers, Facebook said in a statement.
“As part of our continued efforts to invest in the future of advertising and user experience, we are making the announcement today to offer our users a way to participate in the platform and earn tokens,” Facebook said.
Facebook will also issue its own digital token called “tweet,” and it will be made available to third parties and the public.
Users can register for the new program and can then purchase a token for 1,000 tokens for $1.
Users will be able to use the tokens to buy digital goods and services, such as music, movies and games.
Facebook is also making other changes to its platform, including removing ads and slowing down page loading times.
Facebook said it will continue to invest billions of dollars in the next few years to improve the user experience and increase engagement.
The social network also announced a partnership with mobile app developers to enable them to monetize advertising through Facebook’s mobile apps.
Facebook also is working on new content management tools, such a News Feed-like feature that will let advertisers pay publishers for content that they want to show.
Facebook has also launched a new digital advertising platform, AdMob, which Facebook says will give advertisers an opportunity to create, manage and monetize digital ads for publishers, including the largest publishers.
“AdMob will allow advertisers to engage with their audiences in a more organic and meaningful way through a platform that is focused on digital and social,” Facebook CEO Mark Zuckerberg said in the company’s blog post.
Facebook announced its first-ever $10 billion advertising investment in September.
“We have a lot of work to do,” Zuckerberg said.
“But we are excited to continue building on this investment and working with publishers, brands and other brands to help them continue to create incredible experiences for people around the world.”